Dicky Fuld called his insurance company and asked them what day he would be burgled. The insurance company said "get a grip" so Dicky cancelled his policy. The next week Dicky was Burgled. Poor Dicky.

Commenter

Allan

Location

Prahran

Date and time

August 08, 2014, 4:30PM

Clever Dicky ;-}

Commenter

Dicky Fuld.

Location

please warn us next time

Date and time

August 08, 2014, 4:46PM

WOW Aust market down same as Dow in points. Last week Dow went down 317 points, when next it goes up by 317 points I'll give odds of a million to one our market doesn't go up 317 points the next day. If I had a million people to take me on at a dollar I'd be a millionaire.

Commenter

ASX

Location

Sydney

Date and time

August 08, 2014, 4:19PM

Shorters - why didn't you warn us?

Commenter

Dicky Fuld

Date and time

August 08, 2014, 3:59PM

Your heart was tasty Dick. I used a spoon.

Commenter

Bye Bye Fiat Money

Date and time

August 08, 2014, 4:04PM

yes good point @dicky,surely they saw all this coming this week. very clever lot they are.

One of my long-term dogs howling for all it's worth. Surprised the price dropped today but probably die to the 4c f/f div being paid in 2 instalments with the first one going ex-div 6 weeks from now. Will top-up if its falls further.

Commenter

mitch of ACT

Date and time

August 08, 2014, 4:19PM

UXC hanging in there @BSB, give the dog a bone!

Commenter

cyril

Date and time

August 08, 2014, 3:44PM

The old jack up the futures in the last hour trick eh?

Closed shorts, ready to get back in at any moment! Gonna be a late one tonight!

Commenter

GS

Date and time

August 08, 2014, 3:22PM

why don't you just add to them?

Commenter

toby

Date and time

August 08, 2014, 3:40PM

I've been adding all day since my first post this morning. I thought they'd do the silly run up in the last hour where I'd re-add near/after close. Done alright so far today, a few lost pts wont matter much overall!

Commenter

GS

Date and time

August 08, 2014, 3:49PM

..what just happened?

Commenter

Lost and Insecure...

Date and time

August 08, 2014, 3:20PM

BLOODBATH!!!!!!!!!!!!!!!!

Commenter

Malvik

Date and time

August 08, 2014, 4:22PM

the market spoke :p

Commenter

worried33

Date and time

August 08, 2014, 4:24PM

When CBA announce their results next Wednesday the negative sentiment on the banks will suddenly disappear...

Commenter

Mal

Location

Sydney

Date and time

August 08, 2014, 3:17PM

CBA taking home owners for a ride. When jobs dry up, and they are, CBA will be most exposed. Smaller lenders (non big 6) will be hammered out and left to rust.

Commenter

Liberator

Location

SEQLD

Date and time

August 08, 2014, 3:39PM

@Liberator, you must have made a killing today? Nice work.

Commenter

Dicky Fuld

Date and time

August 08, 2014, 4:02PM

No - I missed 50% of today as I got in a little late on the down and I bailed not long after open for 18 points. I was only thinking 20-25 down for the day. I was wrong! Anyone who open-short today's market would have made a killing!

Commenter

Liberator

Location

SEQLD

Date and time

August 08, 2014, 5:03PM

Well, when we hit the highs a couple of weeks ago I said it was time for a correction of sorts. Looks like it's all happening right now.

I'll be looking at what happens when this political tension subsides, then we will see how strong the Bulls are.

If we see a strong rally in prices, pay attention to the volumes. If we get a day/week of high volumes but low price movement I'd be worried.

Anyways, best of luck to everyone who holds anything!

Commenter

Scott

Location

Sydney

Date and time

August 08, 2014, 3:12PM

The reason Putin has banned food products coming in from neighbouring ex-Soviet states is that he wants to avoid the "spit-on-your-hamburger" effect.

Commenter

mitch of ACT

Date and time

August 08, 2014, 3:00PM

Gee. Anyone who bought TON at 90c and still holding must be kicking themselves.

Commenter

Gareth E

Location

Syd

Date and time

August 08, 2014, 2:57PM

Down 1.5% - it's the end of the world!!!!! Save the women and children!!!! (Also, sell your house because the property market is apparently crashing today as well).

Commenter

Bottom

Location

Feeder

Date and time

August 08, 2014, 2:57PM

I am beginning to think the correction is upon us!

Commenter

Allan Mitchell

Location

SEQLD

Date and time

August 08, 2014, 2:57PM

You think?

Commenter

Randy Bull

Date and time

August 08, 2014, 3:40PM

Time to buy some BHP calls? Couple more days like and then surely!!!

Commenter

Garryk

Location

Optionland

Date and time

August 08, 2014, 2:54PM

Today's bargains will be cheaper still on Monday. DOW futures down 75. The Dow dragged the rest of the world down from last night's trading and will repeat the exercise tonight as the factors that have led to the falls are not resolved. Looking for yield players where the falling price is increasing the yield. Stocks paying a good, steady dividend in the near future, but having a down day, are fair game.

Commenter

mitch of ACT

Date and time

August 08, 2014, 2:54PM

"If he wants to reprimand his eastern European neighbours for joining the West, he has chosen a more appropriate weapon."

The whole article goes about how Putin is missing his mark only to in very last page come to correct conclusion that he isn't.

Just like US sanction against Cuba, these are more design to hurt his little neighbors that have been quite loudly drumming against Russia for last decade.

In Estonia the commemorate WW2 German invasion as "liberation" from soviets, and Poland has been most vocal in its calls for Russian sanctions.

Latvia and Lithuania have passed laws barring use of Russian language and denying voting rights to those who only speak Russian even if they lived there for generations. Act that is clearly breach of human rights, but once again when west breaches human rights its different. (see Australian Assylim seeker policy or US torture policy, or french banning burqa )

So while US-Russian geopolitical bickerring is continuing, it is the former Soviet states emboldened by NATO membership that are causing Putin most annoyance.

Commenter

DJ77

Location

Sydney

Date and time

August 08, 2014, 2:52PM

Ahhggrrr the pain!

Commenter

Rich Bull

Date and time

August 08, 2014, 2:46PM

but your rich?

Commenter

poor

Location

bear

Date and time

August 08, 2014, 3:10PM

I was richer this morning.But thanks for caring.

Commenter

Rich Bull

Date and time

August 08, 2014, 3:31PM

The ASX has gone mad. In one week we have lost two YEARS of growth. Example of Ridiculousness Hang Seng down 48 points and is 5 times bigger in points. Dow down same as us yet three times bigger. This is madness. Why over 5 years do we go down more than the rest and not go up with them. This is five years not since the budget. It keeps happening. Ridiculousness RIO reported yesterday afternoon and it's in the red. Are you kidding What the hell is going on.

Commenter

Peter

Location

Sydney

Date and time

August 08, 2014, 2:41PM

Sheer volume of the hedge fund shorts. Good for volatility at other times but hurts too many ordinary people on days like today.

Pretty obvious and maybe something needs to be done about it. What can be done is another question!

Commenter

Allan Mitchell

Location

SEQLD

Date and time

August 08, 2014, 2:51PM

Are you forgetting that the ASX is merely the plaything of the Manattan fashionistas?

And they heckled me when I said three days ago that another 100 points would be knocked off the index. He who laughs last laughs loudest!

Commenter

50BahtLeo

Date and time

August 08, 2014, 3:02PM

Good point Peter.We are a laughing stock. Still waiting for the mother of all mining booms to translate into stratospheric share prices!!! That ship has sailed, unfortunately. Near on impossible to make money in this market...which ever way u jump the market does opposite.

Commenter

Ox

Location

Kensi Pk

Date and time

August 08, 2014, 3:11PM

@Peter we are performing worse than the others because the govt's of those countries are still in stimulatory mode. Our gov't has pulled in the horns and is intent on contracting the economy by reducing spending. Hence a weaker sharemarket, rising unemployment and in the end a worse deficit than what they started with as tax revenues decline but spending on the newly unemployed increases, despite the horrors of work-for-the-dole and 40 job applications a month.

Commenter

mitch of ACT

Date and time

August 08, 2014, 3:18PM

@mitch - the countries that are "stimulating" their economies by printing money are not doing well at all, they're heading for disaster. Japan's Abenomics is turning into a right nightmare for them, and there is less and less trust in the US economy. No mitch, borrowing and printing money is not responsible policy.

Commenter

Dr No

Location

Sydney

Date and time

August 08, 2014, 3:55PM

No good news on the horizon, market over valued, problems in the middle east, problems in the east, Aussie employment in the toilet . . . Not time to be buying. Sell Sell Sell before it's too late.

yep, that worked well! Australian sanctions against the evil Russia....now our beef producers are going to pay for politicians meddling in world affairs.

Commenter

Ox

Location

Kensi Pk

Date and time

August 08, 2014, 3:15PM

amazing how much gets wiped off the markets when the smell of fear is in the air!

shorters having an absolute picnic.

Commenter

Allan Mitchell

Location

SEQLD

Date and time

August 08, 2014, 2:34PM

dont over think it ...just panic sell asap

Commenter

no banks .. no party!

Location

fear ... is .. good!

Date and time

August 08, 2014, 2:48PM

Countplus (CUP) comeback on today of all days! I like that $1.55 price from the other day better!

Commenter

GS

Date and time

August 08, 2014, 2:33PM

whats dropping the market? my portfoilo looks better than most days lol.

Commenter

confused

Date and time

August 08, 2014, 2:32PM

shorten had a dig at vlad putin and the world has reacted negatively , that is all.

Commenter

no banks .. no party!

Location

panic n sell please.

Date and time

August 08, 2014, 3:16PM

I could be wrong, but i'm pretty sure it is the end of the world as we know it...

please panic and sell.

Commenter

no banks .. no party!

Location

please panic and sell.

Date and time

August 08, 2014, 2:28PM

You need to make your mind up @ No banks no brains. A week ago you were long claiming no fear in the market. Today your short ?????

Commenter

Forry

Location

honesty best policy

Date and time

August 08, 2014, 3:09PM

yeah i agree with you...or do i? i dunno.please panic and sell like me.dont think .. act!

Commenter

no banks .. no party!

Location

dont think .. act!

Date and time

August 08, 2014, 3:33PM

Relief rally next week? I am really tempted to go long the index here (for say a day or two/rally of 1-1.5%), but maybe Monday.....

I need more minerals.

Commenter

Bye Bye Fiat Money

Date and time

August 08, 2014, 2:27PM

do not over think this...panic and sell asap please

Commenter

no banks .. no party!

Date and time

August 08, 2014, 2:49PM

BBFM ,

i can sell u some of mine! How about ABY, How many would u like?

Commenter

Ox

Location

Kensi Pk

Date and time

August 08, 2014, 3:18PM

@OxXJO options plz.

Commenter

Bye Bye Fiat Money

Date and time

August 08, 2014, 3:31PM

@No BanksMeh, i'm short some banks anyway. I hope they sell down more

But i'm tempted to go long the index..... its a tough call. I need a crystal ball.... :(

Commenter

Bye Bye Fiat Money

Date and time

August 08, 2014, 3:33PM

I am happy to be a non-home owner right now. They are going to take a bath (in blood) in the very near future. Take a look outside of Sydney housing market and you realise just how broken the market is. Not a good time to be a FHB all leveraged up... that ticking time bomb makes it hard to sleep! Ray White and all their bogus 'auctions'. Poor sellers being duped. Price at auction not meeting expectations? Oh really?

Commenter

Liberator

Location

SEQLD

Date and time

August 08, 2014, 2:11PM

Agreed, can't wait for the extra homes (i.e. apartments that are not being rented) to flood the market as sales in the next 12-24 months, pushing down re-sale value, and soon rents will go even lower.... Gonna be great time to look to jump in (especially renting).

Commenter

Bye Bye Fiat Money

Date and time

August 08, 2014, 2:25PM

If you are simply a home owner what difference does it make? Nice attempt at scaremongering.

Commenter

4Seam

Date and time

August 08, 2014, 2:26PM

4Seam - did not read too far. So many leveraged to the hilt FHB's - it will be chaos. I smell panic selling coming to SEQLD... just a gut feeling. Do not alarm yourself.

Commenter

Liberator

Location

SEQLD

Date and time

August 08, 2014, 2:50PM

Helping a relative buy an apartment in Canberra for cash, so no debt. Prices down about 10-15% from where they were before Abbott started wrecking the place. Located within walking distance of offices & a Town Centre. Prices will probably fall another 10% in the next year or so but there's that dead rent issue to weigh against the certainty, luxury and pride of ownership. Prime location ensures good resale value when sanity returns to gov't.

Commenter

mitch of ACT

Date and time

August 08, 2014, 3:11PM

People have been scaremongering about home ownership for over a decade (and missed out on phenomenal growth doing it).The keep overlooking two simple facts. If house prices drop, most owners just take it off the market, keep making repayments and wait. But even those that want to sell find that the market rises and falls together. So even though you can only sell your $1m mansion for $750,000, you can then buy another $1m mansion for $750,000 elsewhere. The only loss is on paper (and real estate agent commissions).

Commenter

Peter

Location

Oz

Date and time

August 08, 2014, 3:20PM

Except Peter that if you sell a house for $750k that you bought for a $1million the bank will be coming after you for that missing $250k so you can only buy a house worth $500k, even less when stamp duty and commissions are taken into account.. Still I would rather own than rent.

Commenter

mitch of ACT

Date and time

August 08, 2014, 3:34PM

If you buy with cash - It would not matter what you pay as long as you like the place! I would wager only 2% of Australians could buy outright.

That 50 cent dividend was actually 30 cents + 20 cent special. Not sure if the special dividend will be repeated this year but ordinary will probably increase - maybe to 35 or 40 cents. So do not expect 50 cents.

Insurance result will be good as weather has been kind and bad bank has been sold off so might actually get a banking profit this year. Life business will drag but is smaller component.

Commenter

Foxxster

Date and time

August 08, 2014, 2:36PM

On the watchlist but keep sidelined and might jump after divd drop or before if price right. Solid performer and havent been a jolder yet. Radar on

Commenter

Bearshapedbull

Date and time

August 08, 2014, 2:44PM

Foxxster correect re Div I should have said.

Commenter

Harry Rogers

Date and time

August 08, 2014, 2:48PM

Don't you just hate it that, when on a big down day like today, the prices of the stocks that you are prepared to spend serious money on are flat or positive. Bad in the sense that they are still just beyond what you are prepared to pay but good in the sense that others confirm your opinion that they are worth the risk.

Commenter

mitch of ACT

Date and time

August 08, 2014, 1:52PM

What's worse is when the shares you want to sell are also down so you don't have enough cash to buy the good ones on the dips. What a dilemma.....

Commenter

doglover

Date and time

August 08, 2014, 2:13PM

not really. because it culls the bad eggs from the good eggs.

Commenter

birdy

Date and time

August 08, 2014, 2:15PM

@mitch.

I agree with you. Today is one of those days that tests the resiliency of our share holdings. Furthermore today's situation may also help us to identify which holdings to get rid of when the market goes back up.

Commenter

CafeBlanco

Date and time

August 08, 2014, 2:22PM

how is that chinese debt doing??this will be the real killer imho ..sell asap!

Commenter

no banks .. no party!

Date and time

August 08, 2014, 1:47PM

Why should the markets be so edgy. After all Obama is set to save Iraqi Christians from the zealots. Vlad is in the same position. The coming invasion was delayed only by the airline incident.

Commenter

Wally

Location

Flynn

Date and time

August 08, 2014, 1:37PM

Stuff em all.Don't think. Just sell.

Commenter

Putin

Date and time

August 08, 2014, 2:09PM

I think the market realises that ISIS won't be beat by airstrikes alone. They can melt into the general (sunni) population easily while continued airstrikes by Obama will be costly, both in monetary and human terms. As long as Obama refuses to cooperate with al-Assad and the Iranians, he can't win this one.

Commenter

Dr No

Location

Sydney

Date and time

August 08, 2014, 2:11PM

Just when you think your lot is bad, one look at the Nikkei and you realise someone is doing it tougher, down 463 points or 3.05%, yikes!

Small consolation I know but need to grateful for small mercies!

Commenter

Allan Mitchell

Location

SEQLD

Date and time

August 08, 2014, 1:33PM

Anyone have 60 billion in cash handy, like me?

Commenter

Warren Buffett.

Location

Omaha

Date and time

August 08, 2014, 1:33PM

Short CBA $80.5, Long SLR 48c gift!

Commenter

Happy

Location

Trader

Date and time

August 08, 2014, 1:32PM

kicking myself for not jumping in earlier this week!

Commenter

worried33

Date and time

August 08, 2014, 1:44PM

Sorry Australian youth. LNP and Labor have decided foreign owned companies (LNP and Labor donators) are far more important than you. You can work for the dole.

Commenter

JohnBB

Date and time

August 08, 2014, 1:31PM

The Government is just following big Australian business. Coles / Woolies will push the boundaries of extortion until no Australian farm or supply chain exists. Services / Utility providers will continue to off-shore as many jobs necessary to turn a buck. Banks will be propped up by FIRB allowing full ownership of Australian property... whilst Australian workers pay for the roads and service to the cities these properties abide. I can go on all day with country killing issues, but, no one cares.

Commenter

Liberator

Location

SEQLD

Date and time

August 08, 2014, 2:39PM

You have to laugh. Charlie telling his clients to sell banks and put the money where it will do better, eg in the unloved, short-sellers targets. There is are good reasons why those stocks are unloved and there are good reasons why the banks are preferred. No matter what is happening in the economy banks keep on making very good money and paying very good dividends with what seems like very little effort. The banks are sitting there as middlemen, taking a cut from just about every financial transaction that flows over their wires. For just about everybody else making money is a hard slog. I'll keep my level of bank investments Charlie and may even top-up as your advice drives them down.

Commenter

mitch of ACT

Date and time

August 08, 2014, 1:26PM

Charlies advice stopped driving anything long ago.

Commenter

JohnBB

Date and time

August 08, 2014, 1:46PM

how's the fear..gotta love it!sell sell sell asap.

Commenter

no banks .. no party!

Date and time

August 08, 2014, 1:21PM

The "Gold Standard" must be reinstated!..The gold market must be redefined an divided into two. Real, solid, 'metallic gold' and 'paper gold'. At the moment the price is "rigged" simply by virtue of the fact that thousands of tonnes of non-existent gold are being bought and sold around the world that doesn't even exist in real metal, it only exists on worthless paper and computer screens.

Commenter

zac48

Location

Melb.

Date and time

August 08, 2014, 1:18PM

US trading currently snoozing with DOW futures at 72... just wait until they wake up! Let's get this over with!

Commenter

GS

Date and time

August 08, 2014, 1:17PM

That should read "US *tradERS"

Commenter

GS

Date and time

August 08, 2014, 1:39PM

hahahah what's your rush @GS!

Commenter

no banks .. no party!

Location

drop you good thing.

Date and time

August 08, 2014, 1:44PM

I want the pain to end at 4PM and not have to watch the futures all night thinking how bad Monday will be.... plus I have some nice shorts open too and can see 5400 b/w now & Monday morning! :)

Commenter

GS

Date and time

August 08, 2014, 2:12PM

Stop-loss orders must be going off like firecrackers on 4th July. Probably explains the increasing rate of the fall. Which raises the question as to whether this is a genuine fall or being engineered to trigger stop-loss orders so as to pick up stocks cheaply ahead of reporting season starting seriously next week. I know that there is a lot of uncertainty over global tensions, then local unemployment, then an incompetent gov't but the magnitude of the fall does seem a little overdone.

Commenter

mitch of ACT

Date and time

August 08, 2014, 1:14PM

Could this be the beginning of the house price correction I have been hoping for for the last 2 decades ?! I certainly hope so.

Commenter

FHB

Date and time

August 08, 2014, 1:05PM

just have to wait one more decade though.

Commenter

just

Location

sayin'

Date and time

August 08, 2014, 1:14PM

I hope so. Never in our short history have we been so in need of a recession as now.

Commenter

Dr No

Location

Sydney

Date and time

August 08, 2014, 1:20PM

FHB, I sure hope so.....Jump you bastards, jump.

Commenter

zac48

Location

Melb.

Date and time

August 08, 2014, 1:20PM

Maybe two more decades.

Commenter

DR

Location

syd

Date and time

August 08, 2014, 2:54PM

it will only be a matter of time before we see a correction in house prices. even if the bubble bursts it won't be as bad as the USA since Australia doesn't have a credit crunch.

Commenter

bullshapedbears

Date and time

August 08, 2014, 3:12PM

Markets dive, RBA downgraded its outlook for inflation and GDP....who would be surprised after Treasurer JOE BALONEY'S absolute sledging of our economy from day 1 after the election. Well done Tony; well done Joe; the age of enlightenment is over.

Commenter

repoman

Location

Dorrigo NSW

Date and time

August 08, 2014, 1:02PM

We have the problems with the European Zone, where the DAX has fallen 10% on economic performance, pressuring other markets PLUS the geo-political situation including Iraq (where and what a surprise - NOT), the Ukraine and the Middle-East among other not reported internal conflicts (whilst we have the political milage being sought over the plane going down, ignoring the political issues of that region).

PLUS we have the private debt we have (a house mortgage debt the same size as our GDP and private debt at 170% of GDP) whilst this far-right "government" plays its political game ignoring that our GDP remains below trend by over 1% (just over 2% against a long term trend of 3.5% since 1901) and the economy continues to require stimulation to keep people in employment (in an over 70% Service Industry economy) and able to service their debts.

We have a government attempting to gain political milage from a "Budget emergency" because Public debt is 13% of (languishing post 2007) GDP - not focusing on GDP growth, job creation and improving government revenues (to adjust the debt as a percentage of GDP).

What we have is the idealogical focus on "trickle down" economics (refer the Budget and the impact on who?) and the "the most effective form of regulation is self regulation" presentation, noting the position on abortion, same sex unions et al by Bernardi, Abetz, Brandis and the other hard right idealogs who dominate the Liberal Party Malcolm Fraser correctly asserts is no longer the Liberal Party.

And the markets suffer, along with our superannuation accruals as Brogden (a former Liberal Party leader - they seem to be everywhere!) refutes that we are levied with very high management fees.

When is the next election?

Because it is this mob or us.

Commenter

Tony

Date and time

August 08, 2014, 12:52PM

You seriously suggesting the other disastrous mob will fix anything? They're both killing us.

Commenter

JohnBB

Date and time

August 08, 2014, 1:22PM

The day a vested interest agrees that they are making too much money the sky will go as black as sin and the trumpets will sound to signal the end of time.

Commenter

mitch of ACT

Date and time

August 08, 2014, 1:33PM

Feel better now? hate to disappoint you but you are over zealous in your attack.

You need to look no further back than the last 6 years to see what led to this situation.

Unless I am missing something you cannot spend what you haven't got!

The easiest and best solution to our immediate problem is to re vamp the budget and overall the GST, 15% on EVERYTHING, problem solved!

Commenter

Allan Mitchell

Location

SEQLD

Date and time

August 08, 2014, 1:43PM

should read "overhaul" not "overall"

Commenter

Allan Mitchell

Location

SEQLD

Date and time

August 08, 2014, 2:14PM

Something tells me that we could be in for a sustained downturn.

Commenter

bullshapedbears

Date and time

August 08, 2014, 12:51PM

hopefully ;)

sold 60% of my holdings on Monday. There is no value in the market at the moment.

Commenter

worried33

Date and time

August 08, 2014, 1:43PM

starting to feel better about SBM

Commenter

barbara

Date and time

August 08, 2014, 12:42PM

Perfect timing on the shorts! Added more!

Longs are taking a beating though. The things I do for divs! Still holding heaps of cash for next week too!

(glass half-full post)

Commenter

GS

Date and time

August 08, 2014, 12:41PM

"The Commonwealth Bank financial planning scandal appears to have claimed its first executive scalp with the resignation of business and private banking boss Grahame Petersen on Friday morning."

He should be up on charges.

Banks behaving badly.

Again.

Commenter

Allan

Location

Prahran

Date and time

August 08, 2014, 12:40PM

Imagine if they actually investigated the banks, insider traders, big boys etc PROPERLY. None of them would escape jail terms.

Commenter

Liberator

Location

SEQLD

Date and time

August 08, 2014, 5:09PM

Down down, prices are down, down down, we're staying down!

Commenter

Coles

Location

ASX 200

Date and time

August 08, 2014, 12:38PM

all together now...down down prices are down...

Commenter

no banks .. no party!

Location

love a bit of fear!!

Date and time

August 08, 2014, 12:50PM

down down prices are down :)

Commenter

Happy

Location

Trader

Date and time

August 08, 2014, 1:00PM

dead set, who the F, was doing the buying at 5640??jezus christ. that last push took me out of all my shorts, now i'm watching this with a tear in my eye. it had to happen right? but a day after i got margined out.far out.

Commenter

j

Location

syd

Date and time

August 08, 2014, 12:26PM

lol..it happens!

Commenter

no banks .. no party!

Date and time

August 08, 2014, 12:59PM

I tried my best to warn them. Greed hey. It makes the market what it is.

Commenter

JohnBB

Date and time

August 08, 2014, 1:27PM

Getting a margin call should be an alarm bell telling you you're trading with too much risk.

It should be you that decides you're out. Not the bank. Too risky of exactly what happened happening. Worth a thought.

Commenter

JohnBB

Date and time

August 08, 2014, 1:36PM

"When the time comes to buy you won't want to" - out of shorts and switching to longs. I can smell the fear now.

Commenter

50BahtLeo

Date and time

August 08, 2014, 12:24PM

5450 just about to be taken out, what happened to the 5500 floor?

Commenter

Allan Mitchell

Location

SEQLD

Date and time

August 08, 2014, 12:24PM

CWN price going down has nothing to do with Vegas or Macau....Andrew Demetriou is now a director

Commenter

Wwwish Lion

Location

Melbourne

Date and time

August 08, 2014, 12:01PM

He has to ruin everything :(

Commenter

GS

Date and time

August 08, 2014, 12:04PM

Well spotted @Wwwish, maybe he should get Hirdy's formula for young Kerry to give the SP a shot in the arm!

Commenter

fletch

Location

grafton

Date and time

August 08, 2014, 12:08PM

I was thinking to add Eddie McGuire to the line up, he knows how to kill entertainment

Commenter

Wwwish Lion

Location

Melbourne

Date and time

August 08, 2014, 12:40PM

"RBA says rates will stay on hold, unemployment to stay high"

Housing boom!

Commenter

Allan

Location

Prahran

Date and time

August 08, 2014, 11:56AM

"the central bank is not in any rush to raise rates"

Soon they will be negative. They will be paying people to overbid for already overpriced assets.

Such is the lunacy of the current economic environment.

Commenter

Allan

Location

Prahran

Date and time

August 08, 2014, 11:53AM

yes agree sheer lunacy to help vested interest in property to keep them happy and kill the market with pumped up prices real estate agents never had it this good.Solution put up interest rate by 1 pct bring in property tax for foreigners not holding Australian passport to 15% like Hongkong Canada OR LIKE in Britain charge 15% for not letting property. THE BEST SOLUTION IS LIKE PAUL KEATIND DID IN 1989 REMOVE NEGATIVE GEARING . AUSTRALIA needs business development not speculative property development and the property developers who sell even before a brick is laid that's why jobless rate is 6.4pct officialy and 12 pct unooficial.

Commenter

haberfield

Location

sydney

Date and time

August 08, 2014, 2:03PM

Appears to be a strong correlation between development of the ASX and the quality of outcomes coming from this government. Of late we have heard Eric 'there is a link between abortion and cancer' Abetz and George 'a website is not the same as a web address .... let me correct that again' Brandis and the list goes on.

Commenter

Viking

Location

Sydney

Date and time

August 08, 2014, 11:48AM

The political games being played by our politicians, sadly, has got a great deal to do with our markets performance!

Commenter

Allan Mitchell

Location

SEQLD

Date and time

August 08, 2014, 11:57AM

@Viking, you were lucky to get that post through. I had a post pointing out the increasingly ridiculous things that Abetz has been quoted as saying, rejected.

Commenter

mitch of ACT

Date and time

August 08, 2014, 12:11PM

Rising unemployment, lower terms of trade, slower growth,....

Housing boom!

Commenter

Allan

Location

Prahran

Date and time

August 08, 2014, 11:47AM

Airstrikes on militants and aid to civilians in Iraq. One very good reason why the US will never pay off its debt. Being the world's policeman, both self-appointed and expected, doesn't come cheap.

Commenter

mitch of ACT

Date and time

August 08, 2014, 11:39AM

I guess there are no other nations, even the rich ones, would like to stand up for the poor folks in Iraq...

Commenter

CafeBlanco

Date and time

August 08, 2014, 12:15PM

far out, this market is only moving at night. doesn't seem to be any liquidity during our session.crazy.

Commenter

j

Location

syd

Date and time

August 08, 2014, 11:24AM

Over the last few days, we've seen declines in the Dow, Nikkei, Dax, and to a lesser extent ASX and FTSE. I don't think this is the start of a correction, since fear of a range of issues are at core. In my view, impending I.Rate rises in the US are paramount, but others suggest geopolitical and EU issues prevail. I think, once the fear subsides and "burn themselves out"(Johnson), the bull rally will resume, and this could mean Dow rising well beyond 17k. How much further has it got to go? Well, that's anyone's guess, but some pundits reckon it's in the early stages of a super Bull market (an extreme-long-term secular rally) that could last several years (and that's after the last five years of rises). GG

Daxman agrees with you. The bears will be licking their wounds come 31 December. Anyone shorting this market should be very careful.

Commenter

Daxman

Location

Sydney

Date and time

August 08, 2014, 11:30AM

I pretty much agree with you GG. I do agree in that we are in a bull market phase at present, pretty much to 2018. However, I do think that the ASX will decouple with Americas, Asia and Europe and underperform together with South America. The market for the next couple of years will be driven by innovation, mergers and acquisitions (based on cheap money), technology driven fast past change, productivity driven growth where technology and machines will more and more replace labour. Presently, I see little opportunities for Aussie companies to shine as too little international focus, much too risk adverse management and lack of leadership.

Commenter

Viking

Location

Sydney

Date and time

August 08, 2014, 11:33AM

Have I got it wrong?Is this the month of August or May?Gain $48000 in JulyLost $27000/- since the beginning of the month and 3 more weeks to go.Basically all my dividend for this reporting season - wiped out.

The Bear must have woken early from its hibernation and the Bull is licking its wounds.Unemployment - UP.Shares - DOWN.Dividends - SKYROCKETS ( hopefully )

Commenter

OMG

Date and time

August 08, 2014, 10:56AM

MTU something is definately on the boil. No reason for this uplift over the last week. Again not complaining.

Commenter

Happy

Location

Trader

Date and time

August 08, 2014, 10:47AM

Still holding stocks but wont hurt to add a short right about now! Perhaps the first of many to come!

Commenter

GS

Date and time

August 08, 2014, 10:45AM

Mother of all or just a child one?

Commenter

BearShapedBull

Location

MugPunters Lounge

Date and time

August 08, 2014, 10:56AM

Nah not a mother yet! Just a little protection (or at least lessen the blow) on the way down. I hope it fails because it means my longs will be killing it! Only adding more on the way down, not up!

Commenter

GS

Date and time

August 08, 2014, 11:25AM

Big surprise. I would have expected the announcement by CFE of a 4c f/f dividend on a 16c share to cause a leap in the share price. I was expecting just 2cents f/f. Instead the share price is falling. The dividend will be paid in 2 equal amounts in Oct & Feb. CFE is flush with cash after an ATO tax dispute settlement and the receipt of funds from a Chinese company after another dispute. The company will still have $40m+ cash and other assets being developed for sale after the dividend. 4c f/f is a magnificent yield on a now 15c share so if the price falls further I will top up. Actually I'm just saying this so that all of the yield hunters out there will bid the price up to astronomical amounts so I can take the profit instead of the dividend, or both, depending on what happens.

Commenter

mitch of ACT

Date and time

August 08, 2014, 10:40AM

Thanks for the update. I was watching them, but forgot they were announcing the div today. Did buy some, but a little worried about the price action though.Maybe market perceives tough times ahead for the company, so after the div is paid may trade back around 10c.

Commenter

MTD

Date and time

August 08, 2014, 11:15AM

What was the EPS?

Commenter

Wwwish Lion

Location

Melbourne

Date and time

August 08, 2014, 11:25AM

@Wwwish EPS is irrelevant in this case. The company develops projects for sale then distributes the proceeds to shareholders.http://www.capelam.com.au/irm/Company/ShowPage.aspx/PDFs/3281-48834254/CanaccordTwiceCashBacked

Commenter

mitch of ACT

Date and time

August 08, 2014, 12:03PM

EX Div date is 25/09

Commenter

TP

Date and time

August 08, 2014, 12:27PM

That's because it's on the ASX and not the S & P 500. In Australia they wouldn't even have known if you hadn't said anything.

Commenter

Unbelievable

Location

Sydney

Date and time

August 08, 2014, 4:23PM

REA is a great company branching internationally with great earnings growth. ...but....it's price is obscene.

Commenter

JohnBB

Date and time

August 08, 2014, 10:17AM

Personally believe best days of REA are behind them with intensive competition coming also REA customer base not happy. Their business model is easy to copy.

Commenter

Viking

Location

Sydney

Date and time

August 08, 2014, 11:07AM

Are we in recession yet?

Commenter

Snidery Mark

Date and time

August 08, 2014, 10:17AM

Good time to buy, the market is on special....

Get in now before the next run up to 6300

Commenter

Buffett

Date and time

August 08, 2014, 10:06AM

It may go up, but it's definitely not on special, still paying a big premium.

Commenter

Munger

Date and time

August 08, 2014, 10:21AM

i see what you did there.

Commenter

Housing Boom

Location

Australia!

Date and time

August 08, 2014, 10:26AM

Daxman is getting ready to buy!

Commenter

Daxman

Location

Sydney

Date and time

August 08, 2014, 10:36AM

@Munger: Based on PE ratios, I would say many companies are at fair value. Not sure what sectors you are seeing the premiums in?

Commenter

Irish Phil

Date and time

August 08, 2014, 10:51AM

@Irish Phil, Price on a particular day divided by historical earnings tells you nothing of the quality of earnings, debt of the company, or future prospects.Banks for example have increased profits by cost cutting, reducing debt provisions, sourcing cheap money and killing all competition, will not be sustainable longer term. Big mistake many investors make is to project recent price action into the future, and anchor value to a companies price.

Commenter

Munger

Date and time

August 08, 2014, 12:09PM

Lets hope Gold pops thru resistance at US $1315.Might be our only hope with overseas markets trending lower each night.

Commenter

Ox

Location

Kensi Pk

Date and time

August 08, 2014, 10:04AM

Bout the only thing shining at present,good to have a slice but the other market sectors are dragging the chain, even healthcare having a lacklustre week to date.

Is this a joke? Anyone with a brain whose job wasn't to say everything's cool should have known this was coming. Migrants take 95% of jobs created since 2011. This is not news. You'd have to be asleep for the past 20 years to have missed it.

Commenter

JohnBB

Date and time

August 08, 2014, 9:52AM

Imagine what the jobless numbers are going to look like at the end of 2016 when Holden, Ford & Toyota have all decided to leave before their 2017 end date. No point for them in hanging around. Now that's just in time for the next Federal election. There will be an extra 100,000 unemployed just from the closing of the local car industry and associated parts manufacturers. But that's what happens when you tell major employers to get lost. Woeful industrial policies coming home to roost.

Commenter

mitch of ACT

Date and time

August 08, 2014, 10:12AM

The classification of "unemployed" doesn't include those who aren't on UB, those who are employed on a verrry casual basis (less than 5hrs/wk) and other such whatnot. Hidden unemployment is usually between 2 and 6% atop of the given figure. Without the equivalent increase in jobs (who knows where they'll come from - truly?), it will only get worse - (I keep telling people not to use the self-checkout - as they are putting a young 'n' out of a job).. Time to bring back National Service before it's too late - take WComp off the insurance companies and back to government, open a government bank and away we go again. ...ohhh ...and bring back the little bottles of milk at primary school whilst I'm on a wish list....

Commenter

Snidery Mark

Date and time

August 08, 2014, 10:24AM

@Mitch of ACT. Abetz has blamed the opposition for not repealing the carbon tax for the rise in unemployment. The way things look now, by end of 2016 LNP might be as lucky as they were in 2007 and lose govt, so they can blame the ALP for the unemployment problem.

If the problems in Europe, Japan & USA escalate while the LNP are in govt, it could provide them the opportunity (they hope not to get) to steer the ship through a rough patch, just like the ALP encountered with GFC. Now that would blow a real hole in the budget or if not, the economy.

Even the most ardent property spruikers acknowledged the biggest risk for property growth is unemployment. Hope they've not to busy painting to read the writing on the wall.

Commenter

nolongerconfused

Date and time

August 08, 2014, 10:33AM

Get that tongue out of your cheek Mark.

Commenter

They wouldn't get it

Date and time

August 08, 2014, 11:00AM

@Snidery Mark, went to my local Woolies the other day. A queue of 28 people waiting to use the self-service checkout because only 2 human check-out chicks were working. That was at 5:05pm. Turned around and walked out.

Commenter

mitch of ACT

Date and time

August 08, 2014, 11:18AM

Don't worry Mitch, technology catches up with all of us sooner or later.

Commenter

Technocrat

Date and time

August 08, 2014, 4:35PM

How many of you caught that drop in the Dax? Get ready for the boom time into Christmas. Yeah baby! Gift!

Commenter

Daxman

Location

Sydney

Date and time

August 08, 2014, 9:50AM

But Germany won the World Cup.... I thought that meant the DAX would surely keep rising? :p

Commenter

Bull Dozer

Date and time

August 08, 2014, 10:56AM

This happens every August. Russia has nothing to do with it.

Commenter

Daxman

Location

Sydney

Date and time

August 08, 2014, 11:32AM

Remarked on it 2 days agoPiled out anz Then

Commenter

stu

Date and time

August 08, 2014, 4:28PM

MOY undervalued ?

Commenter

No materials, No party

Date and time

August 08, 2014, 9:28AM

the bears are back...

Commenter

worried33

Date and time

August 08, 2014, 9:23AM

indeed the bears are back. ARI on the slide ;) CWN and ARI on the watchlist, staying on the watch list :)

Commenter

Happy

Location

Trader

Date and time

August 08, 2014, 10:09AM

Indeed. Shorted CWN at 16.40. A posted. Will be one of the shorts of the year.